BE-185: Quarterly Survey of Financial Services Transactions Between U.S. Financial Services Providers and Foreign Persons, 3374 [2024-00863]
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3374
Federal Register / Vol. 89, No. 12 / Thursday, January 18, 2024 / Notices
viewed at www.reginfo.gov; under the
Information Collection Review tab, click
on ‘‘Search’’ and use the above OMB
control number to search for the current
survey instrument. Send comments
regarding this burden estimate to Jessica
Hanson, Chief, Direct Investment
Division (BE–49), via email at
Jessica.Hanson@bea.gov; and to the
Office of Management and Budget,
Paperwork Reduction Project 0608–
0009, via email at OIRA_Submission@
omb.eop.gov.
Authority: 22 U.S.C. 3101–3108.
Paul W. Farello,
Associate Director for International
Economics, Bureau of Economic Analysis.
[FR Doc. 2024–00864 Filed 1–17–24; 8:45 am]
BILLING CODE 3510–06–P
DEPARTMENT OF COMMERCE
Bureau of Economic Analysis
[Docket No. 240111–0012]
RIN 0691–XC150
BE–185: Quarterly Survey of Financial
Services Transactions Between U.S.
Financial Services Providers and
Foreign Persons
Bureau of Economic Analysis,
Commerce.
ACTION: Notice of reporting
requirements.
AGENCY:
By this Notice, the Bureau of
Economic Analysis (BEA), Department
of Commerce, is informing the public
that it is conducting the mandatory
survey titled Quarterly Survey of
Financial Services Transactions
between U.S. Financial Services
Providers and Foreign Persons (BE–
185). The data collected on the BE–185
survey are needed to measure U.S. trade
in financial services and to analyze the
impact of U.S. trade on the U.S. and
foreign economies. This survey is
authorized by the International
Investment and Trade in Services
Survey Act and by Section 5408 of the
Omnibus Trade and Competitiveness
Act of 1988.
FOR FURTHER INFORMATION CONTACT:
Christopher Stein, Chief, Services
Surveys Branch, Balance of Payments
Division, via phone at (301) 278–9189 or
via email at Christopher.Stein@bea.gov.
SUPPLEMENTARY INFORMATION: Through
this Notice, BEA publishes the reporting
requirements for the BE–185 survey
form. As noted below, all U.S. persons
required to respond to this mandatory
survey will be contacted by BEA. U.S.
persons must submit the completed
khammond on DSKJM1Z7X2PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
17:32 Jan 17, 2024
Jkt 262001
survey forms within 30 days after the
end of each fiscal quarter, except for the
final quarter of the entity’s fiscal year
when reports must be filed within 45
days. This Notice is being issued in
conformance with the rule BEA issued
on April 24, 2012 (77 FR 24373),
establishing guidelines for collecting
data on international trade in services
and direct investment through notices,
rather than through rulemaking.
Additional information about BEA’s
collection of data on international trade
in services and direct investment can be
found in the 2012 rule, the International
Investment and Trade in Services
Survey Act (22 U.S.C. 3101 et seq.), and
15 CFR part 801, and by section 5408 of
the Omnibus Trade and
Competitiveness Act of 1988 (Pub. L.
100–418, 15 U.S.C. 4908(b)). Survey
data on international trade in services
and direct investment that are not
collected pursuant to the 2012 rule are
described separately in 15 CFR part 801.
The BE–185 survey form and
instructions are available at
www.bea.gov/ssb.
Reporting
Notice of specific reporting
requirements, including who is to
report, the information to be reported,
the manner of reporting, and the time
and place of filing reports, will be
mailed to those required to complete
this survey.
Who Must Report: (a) Reports are
required from each U.S. person who had
combined reportable sales of financial
services to foreign persons that
exceeded $20 million during the
previous fiscal year, or are expected to
exceed that amount during the current
fiscal year; or had combined reportable
purchases of financial services from
foreign persons that exceeded $15
million during the previous fiscal year,
or are expected to exceed that amount
during the current fiscal year. Because
the thresholds are applied separately to
sales and purchases, the reporting
requirements may apply only to sales,
only to purchases, or to both. See BE–
185 survey form for more details.
(b) U.S. persons required to report
will be contacted individually by BEA.
U.S. persons not contacted by BEA have
no reporting responsibilities.
What To Report: The survey collects
information on transactions in financial
services between U.S. financial services
providers and foreign persons.
How To Report: Reports can be filed
using BEA’s electronic reporting system
at www.bea.gov/efile. Copies of the
survey forms and instructions, which
contain complete information on
reporting procedures and definitions,
PO 00000
Frm 00005
Fmt 4703
Sfmt 4703
can be downloaded from www.bea.gov/
ssb and submitted through mail or fax.
Form BE–185 inquiries can be made by
phone to BEA at (301) 278–9303 or by
sending an email to be-185help@
bea.gov.
When To Report: Reports are due to
BEA 30 days after the end of each fiscal
quarter, except for the final quarter of
the entity’s fiscal year when reports
must be filed within 45 days.
Paperwork Reduction Act Notice
This data collection has been
approved by the Office of Management
and Budget (OMB) in accordance with
the Paperwork Reduction Act and
assigned control number 0608–0065. An
agency may not conduct or sponsor, and
a person is not required to respond to,
a collection of information unless it
displays a valid control number
assigned by OMB. Public reporting
burden for this collection of information
is estimated to average 10 hours per
response. Additional information
regarding this burden estimate may be
viewed at www.reginfo.gov; under the
Information Collection Review tab, click
on ‘‘Search’’ and use the above OMB
control number to search for the current
survey instrument. Send comments
regarding this burden estimate to
Christopher Stein, Chief, Services
Surveys Branch, Balance of Payments
Division, via email at
Christopher.Stein@bea.gov; and to the
Office of Management and Budget,
Paperwork Reduction Project 0608–
0065, via email at OIRA_
Submission@omb.eop.gov
Authority: 22 U.S.C. 3101–3108 and
15 U.S.C. 4908(b).
Paul W. Farello,
Associate Director for International
Economics, Bureau of Economic Analysis.
[FR Doc. 2024–00863 Filed 1–17–24; 8:45 am]
BILLING CODE 3510–06–P
DEPARTMENT OF COMMERCE
Bureau of Economic Analysis
[Docket No. 240111–0011]
RIN 0691–XC149
BE–125: Quarterly Survey of
Transactions in Selected Services and
Intellectual Property With Foreign
Persons
Bureau of Economic Analysis,
Commerce.
ACTION: Notice of reporting
requirements.
AGENCY:
By this Notice, the Bureau of
Economic Analysis (BEA), Department
SUMMARY:
E:\FR\FM\18JAN1.SGM
18JAN1
Agencies
[Federal Register Volume 89, Number 12 (Thursday, January 18, 2024)]
[Notices]
[Page 3374]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-00863]
-----------------------------------------------------------------------
DEPARTMENT OF COMMERCE
Bureau of Economic Analysis
[Docket No. 240111-0012]
RIN 0691-XC150
BE-185: Quarterly Survey of Financial Services Transactions
Between U.S. Financial Services Providers and Foreign Persons
AGENCY: Bureau of Economic Analysis, Commerce.
ACTION: Notice of reporting requirements.
-----------------------------------------------------------------------
SUMMARY: By this Notice, the Bureau of Economic Analysis (BEA),
Department of Commerce, is informing the public that it is conducting
the mandatory survey titled Quarterly Survey of Financial Services
Transactions between U.S. Financial Services Providers and Foreign
Persons (BE-185). The data collected on the BE-185 survey are needed to
measure U.S. trade in financial services and to analyze the impact of
U.S. trade on the U.S. and foreign economies. This survey is authorized
by the International Investment and Trade in Services Survey Act and by
Section 5408 of the Omnibus Trade and Competitiveness Act of 1988.
FOR FURTHER INFORMATION CONTACT: Christopher Stein, Chief, Services
Surveys Branch, Balance of Payments Division, via phone at (301) 278-
9189 or via email at [email protected].
SUPPLEMENTARY INFORMATION: Through this Notice, BEA publishes the
reporting requirements for the BE-185 survey form. As noted below, all
U.S. persons required to respond to this mandatory survey will be
contacted by BEA. U.S. persons must submit the completed survey forms
within 30 days after the end of each fiscal quarter, except for the
final quarter of the entity's fiscal year when reports must be filed
within 45 days. This Notice is being issued in conformance with the
rule BEA issued on April 24, 2012 (77 FR 24373), establishing
guidelines for collecting data on international trade in services and
direct investment through notices, rather than through rulemaking.
Additional information about BEA's collection of data on international
trade in services and direct investment can be found in the 2012 rule,
the International Investment and Trade in Services Survey Act (22
U.S.C. 3101 et seq.), and 15 CFR part 801, and by section 5408 of the
Omnibus Trade and Competitiveness Act of 1988 (Pub. L. 100-418, 15
U.S.C. 4908(b)). Survey data on international trade in services and
direct investment that are not collected pursuant to the 2012 rule are
described separately in 15 CFR part 801. The BE-185 survey form and
instructions are available at www.bea.gov/ssb.
Reporting
Notice of specific reporting requirements, including who is to
report, the information to be reported, the manner of reporting, and
the time and place of filing reports, will be mailed to those required
to complete this survey.
Who Must Report: (a) Reports are required from each U.S. person who
had combined reportable sales of financial services to foreign persons
that exceeded $20 million during the previous fiscal year, or are
expected to exceed that amount during the current fiscal year; or had
combined reportable purchases of financial services from foreign
persons that exceeded $15 million during the previous fiscal year, or
are expected to exceed that amount during the current fiscal year.
Because the thresholds are applied separately to sales and purchases,
the reporting requirements may apply only to sales, only to purchases,
or to both. See BE-185 survey form for more details.
(b) U.S. persons required to report will be contacted individually
by BEA. U.S. persons not contacted by BEA have no reporting
responsibilities.
What To Report: The survey collects information on transactions in
financial services between U.S. financial services providers and
foreign persons.
How To Report: Reports can be filed using BEA's electronic
reporting system at www.bea.gov/efile. Copies of the survey forms and
instructions, which contain complete information on reporting
procedures and definitions, can be downloaded from www.bea.gov/ssb and
submitted through mail or fax. Form BE-185 inquiries can be made by
phone to BEA at (301) 278-9303 or by sending an email to [email protected].
When To Report: Reports are due to BEA 30 days after the end of
each fiscal quarter, except for the final quarter of the entity's
fiscal year when reports must be filed within 45 days.
Paperwork Reduction Act Notice
This data collection has been approved by the Office of Management
and Budget (OMB) in accordance with the Paperwork Reduction Act and
assigned control number 0608-0065. An agency may not conduct or
sponsor, and a person is not required to respond to, a collection of
information unless it displays a valid control number assigned by OMB.
Public reporting burden for this collection of information is estimated
to average 10 hours per response. Additional information regarding this
burden estimate may be viewed at www.reginfo.gov; under the Information
Collection Review tab, click on ``Search'' and use the above OMB
control number to search for the current survey instrument. Send
comments regarding this burden estimate to Christopher Stein, Chief,
Services Surveys Branch, Balance of Payments Division, via email at
[email protected]; and to the Office of Management and Budget,
Paperwork Reduction Project 0608-0065, via email at
[email protected]
Authority: 22 U.S.C. 3101-3108 and 15 U.S.C. 4908(b).
Paul W. Farello,
Associate Director for International Economics, Bureau of Economic
Analysis.
[FR Doc. 2024-00863 Filed 1-17-24; 8:45 am]
BILLING CODE 3510-06-P